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SCANA Corp has a project with initial investment requiring $-100,000 and the following cash flows will be generated for the following 5 years at the

SCANA Corp has a project with initial investment requiring $-100,000 and the following cash flows will be generated for the following 5 years at the end of each year because of the project: $25,000; $98,000; $98,000; $176,000; and $86,000 respectively. If the required rate of return is 0.09, find the payback period (PB) of the project.

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1.69 years

1.77 years

none of the answers is correct

2.42 years

1.29 years

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